162 Willowwood Dr N, Oswego, IL 60543
5 beds · 3 baths · 3,200 sqft sqft
Discover the perfect blend of elegance and modern living in this stunning 5-bedroom, 3-full-bathroom home located in the highly sought-after Estates of Fox Chase in Oswego. Just three years old, this home offers the benefits of new construction without the hefty price tag. Spanning over 3,200 square feet of living space, not including the basement, this residence provides ample room for all your needs. Step inside and be greeted by a bright and open floor plan, featuring a spacious first-floor bedroom and a full bathroom, ideal for in-laws or guests. The modern kitchen is a chef's dream, showcasing sleek white cabinets, luxurious black Brazilian granite countertops, and top-of-the-line stainless steel appliances. Each of the three full bathrooms has been meticulously updated to offer contemporary fixtures and finishes, enhancing both style and comfort. Nestled in the acclaimed District 308, this home feeds into some of the best schools, including Oswego High School, ensuring an excellent education for your family. Experience the charm and convenience of this beautiful home in the Estates of Fox Chase, where luxury and comfort meet in perfect harmony. Don't miss out on the opportunity to make this exceptional property your new home!
Source: MRED #mrd12169481
Source: MRED #mrd12169481
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
What is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #mrd12169481